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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Personal Portfolio Bonds (Tax) Regulations 1999 (S.I. 1999/1029).

Regulation 1 provides for the citation and commencement of these Regulations, and regulation 2 introduces the amendments.

Regulation 3 amends regulation 5 of the 1999 Regulations to reflect changes made to the taxation of personal portfolio bonds by Schedule 28 to the Finance Act 2001 (c. 9).

Regulation 4 makes consequential amendments to regulation 6 of the 1999 Regulations.